Holy Betting Grail strategy
New Cable Thread & Other Pairs
- #10,803
- Nov 12, 2024 10:44am Nov 12, 2024 10:44am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,440 Posts
Finally! Next stops if it continues down. Yearly and monthly support levels .
1 hour
Today the EUR/USD pair has experienced a decline, trading at around 1.0600.
Several factors are contributing to the downward pressure on the euro:
US Dollar Strength: The US dollar has been gaining strength due to various factors, including the recent US presidential election and the ongoing economic recovery in the US.
Eurozone Economic Concerns: Concerns about the economic outlook for the Eurozone, particularly in light of the recent ZEW survey on Economic Sentiment, are also weighing on the euro.
Geopolitical Risks: Ongoing geopolitical tensions, such as the conflict in Ukraine and the US-China trade war, are adding to market uncertainty and contributing to the dollar's safe-haven appeal.
For now I am waiting for more downside towards 1.0500 but if it closes above 1.0600 then it might correct to a higher level. For now 1.0629 and 1.0666 broken support is capping any upside.
Have a great rest of the day!
1 hour
Finally! Next stops if it continues down. Yearly and monthly support levels . 1 hour {image}
Several factors are contributing to the downward pressure on the euro:
US Dollar Strength: The US dollar has been gaining strength due to various factors, including the recent US presidential election and the ongoing economic recovery in the US.
Eurozone Economic Concerns: Concerns about the economic outlook for the Eurozone, particularly in light of the recent ZEW survey on Economic Sentiment, are also weighing on the euro.
Geopolitical Risks: Ongoing geopolitical tensions, such as the conflict in Ukraine and the US-China trade war, are adding to market uncertainty and contributing to the dollar's safe-haven appeal.
For now I am waiting for more downside towards 1.0500 but if it closes above 1.0600 then it might correct to a higher level. For now 1.0629 and 1.0666 broken support is capping any upside.
Have a great rest of the day!
Looking for profitable short term trades ...|
- #10,804
- Nov 12, 2024 10:49pm Nov 12, 2024 10:49pm
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,440 Posts
The price of the euro is not changing much today. The US dollar is waiting for news about inflation in the US. Right now, the trend for the euro is downward. The price is above yesterday's low point of 1.0595 and 1.0600. It will likely stay in a range until we get more news from the US. Resistance is located at 1.0663/66 zone.
Have a great day!
Daily volatility (range) 50 pips
Option expiries for Thursday: 1.0600 (EU1.44b), 1.0700 (EU1.32b), 1.0650 (EU1.22b) Source: financialjuice.com
Significant news - US CPI
4 hours
Have a great day!
Daily volatility (range) 50 pips
Option expiries for Thursday: 1.0600 (EU1.44b), 1.0700 (EU1.32b), 1.0650 (EU1.22b) Source: financialjuice.com
Significant news - US CPI
4 hours
Looking for profitable short term trades ...|
- #10,805
- Nov 13, 2024 12:35am Nov 13, 2024 12:35am
- Joined Aug 2017 | Status: Trader | 3,293 Posts
CPI forecast is for an increase. I think this is priced in already given the level of DXY, so if there is no increase there could be a reaction.
Or if it comes in as forecast there may be no reaction. so for me, more chance CPI dissapoints.
Current level of expectation for rate hike at december meeting....will be telling after the cpi figure is out.
Or if it comes in as forecast there may be no reaction. so for me, more chance CPI dissapoints.
Current level of expectation for rate hike at december meeting....will be telling after the cpi figure is out.
Its all just one persons opinion
- #10,807
- Nov 13, 2024 3:33am Nov 13, 2024 3:33am
- Joined Aug 2017 | Status: Trader | 3,293 Posts
HP in EU GU M30, while Dixie is in a weekly resistance zone , buy to sell?, lets see,{image} {image}
Its all just one persons opinion
- #10,809
- Nov 13, 2024 4:22am Nov 13, 2024 4:22am
- Joined Aug 2017 | Status: Trader | 3,293 Posts
{quote} TP1, the rest stopped at BE, not the momentum I expected, but I entered again this morning at 2601 with the test on the new born M15 TL, with respect to the HTF HP,{image}
Its all just one persons opinion
- #10,810
- Nov 13, 2024 7:01am Nov 13, 2024 7:01am
- Joined Jul 2011 | Status: Trader | 3,145 Posts
Holy Betting Grail strategy
- #10,811
- Nov 13, 2024 7:23am Nov 13, 2024 7:23am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,440 Posts
The price of the euro is not changing much today. The US dollar is waiting for news about inflation in the US. Right now, the trend for the euro is downward. The price is above yesterday's low point of 1.0595 and 1.0600. It will likely stay in a range until we get more news from the US. Resistance is located at 1.0663/66 zone. Have a great day!
{quote} Lets see what the news bring!
The price of the euro is not changing much today. The US dollar is waiting for news about inflation in the US. Right now, the trend for the euro is downward. The price is above yesterday's low point of 1.0595 and 1.0600. It will likely stay in a range until we get more news from the US. Resistance is located at 1.0663/66 zone. Have a great day!
Range now is broken. 1.0600 should cap.
Looking for profitable short term trades ...|
- #10,812
- Nov 13, 2024 10:39am Nov 13, 2024 10:39am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,440 Posts
The EUR/USD currency pair has continued its downward trend, falling below the 1.0600 level. This decline is primarily due to the strengthening US Dollar and the lack of positive factors supporting the Euro.
While the recent US CPI data was in line with expectations, it didn't provide a significant boost to the Euro. Market participants are now focusing on US retail sales data, hoping for signs of a potential Fed rate cut.
If the Euro fails to find support, it could further weaken and potentially drop below the 1.0555 level. See 1 hour chart!
It was great trading with you all! Bye!
While the recent US CPI data was in line with expectations, it didn't provide a significant boost to the Euro. Market participants are now focusing on US retail sales data, hoping for signs of a potential Fed rate cut.
If the Euro fails to find support, it could further weaken and potentially drop below the 1.0555 level. See 1 hour chart!
It was great trading with you all! Bye!
Looking for profitable short term trades ...|
- #10,813
- Nov 13, 2024 8:18pm Nov 13, 2024 8:18pm
- Joined Jul 2011 | Status: Trader | 3,145 Posts
Holy Betting Grail strategy
- #10,814
- Nov 13, 2024 9:18pm Nov 13, 2024 9:18pm
- Joined Jul 2011 | Status: Trader | 3,145 Posts
Holy Betting Grail strategy
- #10,815
- Nov 13, 2024 10:35pm Nov 13, 2024 10:35pm
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,440 Posts
EURUSD continued it's strong drop from yesterday high after it broke below 1.0600 support now resistance. For now the pair reached my two targets but it can continue lower to 1.0524/16/00 or below. 1.0600-1.0593 and 1.0575/65 resistance zones cap any advance higher.
Have a great day!
Daily volatility (range) 47 pips
Option expiries for Thursday: 1.0650 (EU1.85b), 1.1200 (EU1.56b), 1.0750 (EU1.37b) Source: financialjuice.com
Significant news - US Initial Jobless Claims & US PPI
1 hour
Have a great day!
Daily volatility (range) 47 pips
Option expiries for Thursday: 1.0650 (EU1.85b), 1.1200 (EU1.56b), 1.0750 (EU1.37b) Source: financialjuice.com
Significant news - US Initial Jobless Claims & US PPI
1 hour
Looking for profitable short term trades ...|
- #10,817
- Nov 14, 2024 12:38am Nov 14, 2024 12:38am
- Joined Aug 2017 | Status: Trader | 3,293 Posts
Its all just one persons opinion
- #10,818
- Nov 14, 2024 12:44am Nov 14, 2024 12:44am
- Joined Aug 2017 | Status: Trader | 3,293 Posts
Its all just one persons opinion
The dollar has returned to the October 7, 2023 zone, from here until the end of the year, there are three possibilities: either it will continue to rise as if the Messiah had arrived and the wars between the East and the West would end, or it will remain at these levels, less likely down, maybe a little?, these dreams will probably fade away,
'In the clearing stands a boxer And a fighter by his trade..'